United Services Automobile Association Makes New Investment in GXO Logistics, Inc. $GXO

Key Points

• United Services Automobile Association acquired 7,806 shares of GXO Logistics, Inc., valued at approximately $307,000, as reported in their latest SEC filing.
• Several institutional investors, including Deutsche Bank AG and Nuveen Asset Management LLC, have recently increased their stakes in GXO, indicating a growing interest in the company.
• GXO Logistics reported a 15.9% year-over-year increase in revenue for the last quarter, beating analysts' earnings estimates with an EPS of $0.57.

United Services Automobile Association bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,806 shares of the company's stock, valued at approximately $307,000.

Several other large investors have also added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC grew its stake in GXO Logistics by 4.3% during the first quarter. Ashton Thomas Private Wealth LLC now owns 11,131 shares of the company's stock worth $435,000 after purchasing an additional 464 shares during the period. Resources Management Corp CT ADV grew its stake in GXO Logistics by 7.7% during the first quarter. Resources Management Corp CT ADV now owns 26,364 shares of the company's stock worth $1,030,000 after purchasing an additional 1,885 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in GXO Logistics by 13.6% during the first quarter. Dynamic Technology Lab Private Ltd now owns 21,391 shares of the company's stock worth $836,000 after purchasing an additional 2,562 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in GXO Logistics by 29.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company's stock worth $1,568,000 after purchasing an additional 9,134 shares during the period. Finally, Engaged Capital LLC acquired a new stake in GXO Logistics during the first quarter worth approximately $35,641,000. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Stock Up 1.2%

NYSE:GXO traded up $0.63 during trading hours on Thursday, hitting $51.11. 744,240 shares of the company traded hands, compared to its average volume of 841,411. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87. The firm's 50-day simple moving average is $51.55 and its 200-day simple moving average is $44.30. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33. The company has a market cap of $5.85 billion, a PE ratio of 96.44, a PEG ratio of 2.03 and a beta of 1.65.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%.The business had revenue of $3.30 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the business earned $0.55 EPS. The business's revenue was up 15.9% on a year-over-year basis. Equities analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays raised their price objective on GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Citigroup raised their price objective on GXO Logistics from $56.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Susquehanna raised their price objective on GXO Logistics from $58.00 to $60.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. UBS Group raised their price objective on GXO Logistics from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company raised their price objective on GXO Logistics from $57.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $59.50.

About GXO Logistics

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.